Challenges and Strategies in it Industry in the Global Perspective

With the advent of the globalization the competition in the field of Information Technology has intensified multifold. The phenomenal growth of the IT industry has brought about new challenges and great opportunities for the IT companies. Those companies that can successfully counter the challenges would be the leaders. Now the time has come to develop new advantages. Sustaining business on a global scale is more difficult than operating. India is one of the fastest growing IT markets in the world, the fastest growing market in the Asia-Pacific region. The country has also the fastest growth in Internet usage in this region. India today has a substantial share in the developed world, amongst those involved in information technology (IT) software and services. This article meticulously presents the major challenges before the Indian IT industry in the present scenario. It throws light on the opportunities available for the Indian IT industry and how the Indian IT companies can take the advantage to compete globally with the help of various strategies.